Rupee and bonds firm up
Mumbai: The rupee appreciated against the greenback on Friday closing the day at 45.1550, up from Thursday's 45.20.

Forwards: In the premia market, the 6-month ended at 1.14 per cent (1.18) and the 12-month ended at 0.90 per cent (0.89).

G-Secs: The 8.07 12-year 2017 paper closed at Rs106.435 (7.21 per cent YTM), up from Thursday's Rs106.32 (7.23 per cent YTM) The 10.25 16-year 2021 paper ended at Rs126.19 (7.38 per cent YTM), higher than Thursday's close at 126.095 (7.39 per cent YTM).

Call rates: The inter bank rates closed at 5.30/40 per cent (5.50/60).

Reverse repo: In the three-day auction, RBI received and accepted two bids amounting to Rs150 crore, and 5 bids for Rs1,330 crore in the repo auction. In the second three-day reverse repo auction, the bank received 16 bids for Rs7,220 crore, and one bid for Rs170 crore in the repo auction.

CBLO market: In the CBLO market there were 367 trades for Rs14,117.55 crore in the range of 4.25 -6.40 per cent.
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Forex reserves surge by over US$1bn
Mumbai: The country's foreign exchange reserves have recorded another increase, by over US$1bn, for the week ended December 16. According to the Reserve Bank of India's Weekly Statistical Supplement, foreign exchange reserves increased by US$1.057bn to touch US$145bn, up from the previous week's US$143.943bn.
The reserves have gone up by an aggregate US$2.823bn in three consecutive weeks.

According to the bank, the increase in foreign currency assets during the week by US$1.042bn to US$138.816bn was the main reason for the rise in reserves.

The net FII inflows into the domestic equity market for the week under review were US$1.116bn, according to figures from SEBI. For the week under review, gold and Special Drawing Rights remained unchanged at US$4.925bn and US$5mn respectively.

The country's reserve position at the IMF also marked an increase of US$14mn to US$1.254bn.
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ABN-Amro signs up Euronet to deploy 300 branded ATMs
Mumbai: The ABN-Amro bank has announced the signing of a five-year ATM outsourcing and deployment agreement with Euronet India, under which Euronet will be setting up 300 ABN-Amro branded ATMs.

Euronet will provide end-to-end ATM outsourcing services from its operations centre in Mumbai. Euronet will select specific locations, install the ATMs and all related equipment and provide network management and monitoring, help desk and related maintenance.

ABN-Amro will also outsource the management of its existing network of 90 ATMs to Euronet. ABN-Amro currently has an understanding with UTI bank, wherein the banks' customers can access UTI's 1,800 ATMs.
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